UMH Properties (NYSE:UMH) Downgraded by StockNews.com

UMH Properties (NYSE:UMH) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

A number of other research analysts also recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $18.50 price target on shares of UMH Properties in a research note on Thursday, May 30th. William Blair reiterated a “neutral” rating on shares of UMH Properties in a research note on Monday, May 13th. Wedbush reiterated a “neutral” rating and issued a $17.00 price target on shares of UMH Properties in a research note on Monday, May 13th. Finally, Alliance Global Partners initiated coverage on shares of UMH Properties in a research note on Thursday, July 18th. They issued a “buy” rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, UMH Properties has a consensus rating of “Hold” and a consensus target price of $19.50.

UMH Properties Stock Down 1.4 %

Shares of NYSE UMH traded down $0.25 during midday trading on Monday, hitting $18.12. The company’s stock had a trading volume of 916,071 shares, compared to its average volume of 383,846. The business’s fifty day simple moving average is $16.27 and its two-hundred day simple moving average is $15.77. The company has a debt-to-equity ratio of 1.59, a current ratio of 6.82 and a quick ratio of 6.82. UMH Properties has a 1 year low of $13.26 and a 1 year high of $18.47. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -120.79, a price-to-earnings-growth ratio of 3.36 and a beta of 1.29.

Insider Activity

In other news, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $15.01, for a total value of $375,250.00. Following the transaction, the chief executive officer now directly owns 1,149,565 shares of the company’s stock, valued at approximately $17,254,970.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other UMH Properties news, CEO Samuel A. Landy sold 25,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $15.01, for a total value of $375,250.00. Following the transaction, the chief executive officer now directly owns 1,149,565 shares of the company’s stock, valued at approximately $17,254,970.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael P. Landy acquired 4,700 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was purchased at an average cost of $15.45 per share, for a total transaction of $72,615.00. Following the completion of the purchase, the director now directly owns 341,796 shares in the company, valued at approximately $5,280,748.20. The disclosure for this purchase can be found here. Corporate insiders own 8.63% of the company’s stock.

Hedge Funds Weigh In On UMH Properties

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mutual of America Capital Management LLC purchased a new stake in shares of UMH Properties in the 4th quarter worth about $1,377,000. Cerity Partners LLC purchased a new position in UMH Properties in the 4th quarter valued at about $2,930,000. Vanguard Group Inc. lifted its holdings in UMH Properties by 10.6% in the 4th quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock valued at $100,212,000 after purchasing an additional 629,427 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in UMH Properties in the 4th quarter valued at about $1,819,000. Finally, Knights of Columbus Asset Advisors LLC lifted its holdings in UMH Properties by 102.9% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 244,569 shares of the real estate investment trust’s stock valued at $3,747,000 after purchasing an additional 124,019 shares in the last quarter. 75.40% of the stock is owned by institutional investors and hedge funds.

UMH Properties Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.